Signals, Powered By EquityPandit
COLPAL Weekly Outlook and Analysis:
For the Week: (Aug 17,2020 – Aug 21,2020)
BSE: 500830| NSE: COLPAL| ISIN: INE259A01022| SECTOR: FMCG
Colgate Share Price: 1411.15 (NSE)
COLPAL closed the Weekly on negative note losing 3.14%
Weekly High: 1486.45
Weekly Low: 1405.75
Weekly Range: 80.7 points
Weekly Support & Resistance for COLPAL:
| RESISTANCE 2 | 1515 |
| RESISTANCE 1 | 1463 |
| SUPPORT 1 | 1382 |
| SUPPORT 2 | 1354 |
Technically on the daily charts EquityPandit’s Analyst see: Minor support on the downside lies at 1382 levels, Minor resistance on the upside is capped around 1463 levels.
If stock breaches minor support on the downside and closes below it we may see fresh break down and stock can drag towards Major Support on lower side @ 1354 and If stock breaches minor resistance on the upside and closes above it we may see fresh breakout and stock can head towards Major Resistances Level @ 1515
Stock is trading above 200 days exponential moving average, suggests long term trend is bullish. EquityPandit predict range for the Weekly as on 1515 upside and 1354 on downside.
The present technical setup shows that stock prices are moving in well channelized manner. Price below 1405 levels will drag price towards 1375 or lower. The daily stochastic RSI is bearish and crossover trades below the overbought zone.
